Disney Streaming Service Won't Include Pre-2019 Star Wars Films

Disney Streaming Service Won't Include Pre-2019 Star Wars Films

For now, Disney has sold the rights to these movies to places like Netflix.

So, while Disney is now working on projects meant specifically for the streaming service, including an adaption of the novel Stargirl, the streaming service will make sure that fans understand Star Wars films released prior to 2019 will be unavailable.

Disney is building the streaming service as more people switch from traditional cable TV bundles to streaming online though services like Amazon and Netflix. For years, Disney and Netflix have had an amicable partnership that has allowed the latter to house some of its most valuable property, including the new Star Wars films and the Marvel Cinematic Universe, while also attaching Marvel's name to some of their flagship original series.

“Star Wars is a big world, and Disneys new streaming service affords a wonderful opportunity to tell stories that stretch out over multiple chapters. That means that the first Marvel film to jump straight to the Disney service without a Netflix pitstop will be March 2019's Captain Marvel.

Overall, Disney posted earnings of $1.87 per share excluding certain items, an increase from a year earlier, but below Wall Street's average forecast of $1.95, according to Thomson Reuters I/B/E/S.

Angelina Jolie Wants Divorce From Brad Pitt Expedited
It is unknown at this time what - if any - informal agreement Jolie and Pitt had arrived at prior to this filing. Reps for Pitt declined to comment and Jolie's didn't get back to us.

Net income attributable to Disney rose to $2.92 billion, or $1.95 per share, in the quarter, compared with $2.37 billion, or $1.51 per share, a year ago.

On an adjusted basis, Disney earned $1.87 per share, below estimates of $1.95 per share. Disney's television networks also saw gains, including at ESPN, despite the higher National Basketball Association costs and lower advertising revenue.

Disney shares have risen slightly more than 8 percent since the beginning of the year, while the Standard & Poor's 500 index has risen nearly 7 percent.

Total revenue rose 7% to $15.23bn, driven by box office successes as well as theme parks and resort visits, but missed analysts' $15.34bn forecast. Over on Making Star Wars, for instance, there's a new tidbit alleging that Jon Favreau plans to whisk viewers off to Mandalore three years after the Empire's downfall. Gains in products related to the Avengers weren't enough to offset lower revenue from "Spider-Man" and "Cars". In after-hours training, Disney's stock fell 49 cents to $116.07 (roughly Rs. 8,000).

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